Slide 1: IonQ Investor Updates February 2024
Oona lon@ Investor Updates February 2024 lonQ Investor Updates © 2024 |IONQ
Slide 2: Cautionary Notes
Qiiona Cautionary Notes This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate,
Slide 3: Quantum computing application areas
Marketing to add pictures Optimal Routing Complex Financial Modeling Chemical Modeling Behavioral Inference Manufacturing Optimization Load Optimization Artificial Intelligence In-silico Drug Discovery Complex Logistics Efficient Batteries Cryptography Forecasting Physical Simulation Food Production
Slide 4: Software platform integrations: Amazon Braket, Q#, PennyLane
Amazon Braket Q# QDK PENNYLANE
Slide 5: Led by Distinguished Industry Veterans Today
Q Iona Led by Distinguished Industry Veterans Today 0 e e Peter Chapman President & CEO amazon —TI Margaret Arakawa Chief Marketing Officer EE Microsoft fastly Ariel Braunstein SVP, Product vthithe Google ‘ihe. Jordan Shapiro VP, FP&A | Head of IR, CorpDev NEA ao lonQ Investor Updates (2 2 3 Thomas
Slide 6: How IonQ Leads
How lonQ e Leads lonQ Investor Updates © 2024 |IONQ
Slide 7: IonQ Chose a Mature Technology From The Start
QIona lonQ Chose a Mature Technology From The Start Individual atomic ion qubits are naturally perfect, unlike synthetic qubits utilized on competing platforms, allowing lonQ to move farther and faster than the competition ¢ Identical and naturally quantum * Designed to be perfectly isolated from en
Slide 8: Orders of Magnitude Better Than Other Approaches in Error Correction Overhead
@eeeeeeeeeseeseeeeeeneeeeeeeeeeoeeeeeeeee @ @eeeeoeeaeeeeeeeaeoeeeoeaeeeoeeeeeeeeeaeeeoeee 8 Orders of Magnitude Better Than Other Approaches in Error Correction Overhead lonQ Error Correction Error Correction 16:1! 1000:1 - 1,000,000:12 Other Approaches Q Iona 1, Estimate based onlonQ technical roa
Slide 9: Connectivity and Fidelity Matter Far More Than Physical Qubit Count
Connectivity and Fidelity Matter Far More Than Physical Qubit Count lonQ Forte (36 #AQ) + All-to-all connectivity * Two qubit gates 9 lonQ Investor Updates Superconducting Competitors + Nearest-neighbor connectivity + Multiple swap gates required © 2024 1ONQ
Slide 10: #AQ64 Represents a ~268Mx Increase in Compute Power Over #AQ36
Q Iona HAQ64 Represents a ~268Mx Increase in Compute Power Over #AQ36 lonQ System Harmony Size of Algorithmic #HAQ5 Qubits Size of Computational Space Length of a toothbrush Distance to the Moon Distance to Alpha Centauri 32 Possible Encoded States ~69 Billion Possible Encoded States ~18.4 Quadrilli
Slide 11: Leading Application Development to Capitalize on the Explosive Value Creation Opportunity
QO Leading Application Development to Capitalize on the Explosive Value Creation Opportunity Machine Learning Automotive: AV Al Algorithms Finance: AML and anti-fraud Tech: Search/ads optimization Optimization Simulation Cryptography Logistics: Network Optimization $50-100B Pharma: Drug Discovery $4
Slide 12: IonQ Well Positioned to Benefit From First Movers Advantage
lonQ Well Positioned to Benefit From First Movers Advantage Mmmm Share of Value Creation Ml Quantum Adoption rN 90% of the value ed by the top mpanies Quantum Computing Early Majority 40% Late Majority 40% Laggards 10% Today 2026 2030 2040 Source: BCG, Building toward quantum advantage today, Decemb
Slide 13: IonQ to Deliver Enterprise-Grade Quantum: Estimated Competitive Landscape
QION@ lonQ to Deliver Enterprise-Grade Quantum Estimated Competitive Landscape Phase I: Phase II: Phase III: Proof-of-Concept Enterprise-Grade Era Broad Adoption Design Phase Design Phase Design Phase Lab Experiments Production Ready Mature Systems e-——_ Q lona—_—— 13 lonQ Investor Updates © 2024 IO
Slide 14: Consistently Ahead of Schedule on Technology Roadmap
Q Iona Consistently Ahead of Schedule on Technology Roadmap lonQ was 12 months early to delivering Forte #AQ35, and delivered #AQ36 GD Better Optimization weeks later |p Chemistry 1024° 1000 - Materials @ 800 5 2 Achieved Achieved Achieved Faster Optimization G@ 600 52 months early 7 months early 12
Slide 15: Trapped Ions Could Allow IonQ to Reach the Enterprise Era Without Error Correction
Qiona Trapped lons Could Allow lonQ to Reach the Enterprise Era Without Error Correction 15 Expected Phases of Quantum Computing Maturity Boston Consulting Group Analysis Phase | Phase II Estimated Impact (Operating Income): $2-5 Billion Technical Barrier To Entry Error Reduction lonQ Investor Updat
Slide 16: Recent Announcements
Recent ° Announcements lonQ Investor Updates © 2024 |IONQ
Slide 17: Circuit Width charts
Circuit Width Circuit Width Circuit Width Circuit Width
Slide 18: IonQ's New Key Board Members
lonQ’s New Key Board Members Two new world class additions to lonQ’s Board of Directors 18 Robert Cardillo Independent Board Member As a former Director of the National Geospatial-Intelligence Agency, Cardillo will seek to expand upon lonQ's work with the U.S. government in establishing public-priva
Slide 19: IonQ Opens First Dedicated Quantum Computing Manufacturing Facility in the U.S.
Q Iona lonQ Opens Doors to First Dedicated Quantum Computing Manufacturing Facility in the U.S. Announced a commitment to expand its Seattle facilities from 65,000 square feet 47 7 1. _ long Investor Updates
Slide 20: First Known Commercial Demonstration of Ion-Photon Entanglement
Qiiona lonQ Achieves First Known Commercial Demonstration of lon-Photon Entanglement Outside of Academic Environments Critical First > Developing Future Quantum Networks | ‘an ie 5: Pomona | 20
Slide 21: IonQ Forte now available on Amazon Braket Direct
Qiiona lonQ Forte now available on Amazon Braket Direct Access the most viable, practical, and fastest path to commercial advantage today. — 21 lonQ Investor Updates © 2024 IONQ
Slide 22: IonQ Partners with Switzerland's Quantum Basel
lonQ Partners with Switzerland’s Quantum Basel Agreement will establish an lonQ Europe-Based Quantum Data Center 22 lonQ Investor Updates Qiiona © 2024 IONQ
Slide 23: New $25.5M Quantum Deal with United States Air Force Research Lab
Qiiona lonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab Agreement to Deploy Two Barium-Based Systems for Quantum Networking Research and Application Development 23 lonQ Investor Updates © 2024 IONQ
Slide 24: Market Strategies: Commercial Value Creation
Q Iona Market Strategies: Commercial Value Creation Enabling portfolio analysts to more accurately model Target Distribution Outliers resulting Classical Computer Generative Adversarial Network Generative Adversarial Network 0.10 0.10 from notable events 0.05 0.05 im im Q 0.00 @® 0.00 = = -0.05 -0.0
Slide 25: Quantum AI for Image Recognition
ee : Qiona forimage Recognition Watch the full video at www.iong ©: 25 lonQ Investor Updates © 2024 IONQ
Slide 26: Quantum AI Models for Predictive Maintenance
Qiiona Quantum Al Models for Predictive Maintenance With Thompseg Machinery, the exclusive Caterpillar dealay for Middle Tennessee, | North Mississippi 26 lonQ Investor Updates © 2024 |IONQ
Slide 27: IonQ Investor Updates
27 Q Iona lonQ Investor Updates © 2024 IONQ